News

News Releases

  • VERAISON has acquired a 3.03% stake in Rieter Holding AG, Winterthur

    July 14, 2018

    VERAISON Capital AG, Zurich, has acquired for the VERAISON SICAV – Engagement Fund a 3.03% stake in Rieter Holding AG, Winterthur. This corresponds to 141’624 registered shares.

    Link to SIX Exchange Regulation disclosure

    VERAISON CAPITAL AG
  • VERAISON increases its shareholding in Zehnder Group AG, Gränichen, to 10% of the share capital (corresponding to 5.97% of the voting rights)

    July 10, 2018

    On behalf of the VERAISON SICAV – Engagement Fund, VERAISON Capital Ltd, Zurich, has increased its shareholding in Zehnder Group Ltd, Gränichen, to 10% of the share capital. This corresponds to 5.97% of the voting rights.

    VERAISON CAPITAL AG
  • Launch of share class XXL 07/18

    May 15, 2018

    VERAISON SICAV has decided to launch the following share class on July 1, 2018:

     

    Shares of the class «XXL 07/18» are open for qualified investors pursuant to Art. 10 para. 3, Art. 10 para. 3bis and Art. 10 para. 3ter CISA. The minimum subscription amount is CHF 100,000. Withdrawal of funds is only permitted after 5 years, for the first time on the last day of the 5-year lock-up period. Withdrawal of funds can thereafter be made on a quarterly basis. The notice period is in each case 3 months. Investors are expressly advised of the risks described in the Fund’s prospectus. The prospectus and investment regulations may be obtained free of charge from VERAISON SICAV, Löwenstrasse 53a, 8001 Zurich and are available on the website www.veraison.ch.

    VERAISON CAPITAL AG
  • ISS and Glass Lewis support VERAISON’s proposal to ensure the equal treatment of shareholders at Orell Füssli

    April 23, 2018

    VERAISON Capital is pleased to learn that ISS and Glass Lewis, two internationally leading proxy advisors, support our proposal to ensure the equal treatment of shareholders at Orell Füssli Holding Ltd.

    Links to the detailed agenda item and the presentation of VERAISON from the media round table on April 9, 2018 (both in German language).

    VERAISON CAPITAL AG
  • VERAISON SICAV AGM 2018: Shareholders approve all Board proposals

    April 11, 2018

    On the 10th of April 2018 the shareholders of VERAISON SICAV unanimously followed the recommendations of the Board and approved all proposals submitted at the 3rd Annual General Meeting. In particular, they unanimously appointed Roman Kurmann (as independent director) and René Bernhard (CFO VERAISON Capital) to the Board of Directors. Gregor Greber, Alexander Kaiser and Bernhard Fuchs were confirmed as members of the Board for a further one-year term.

    The Board wishes to thank all shareholders for their trust and commitment.

    VERAISON CAPITAL AG
  • Agenda item from VERAISON for the Annual General Meeting of Orell-Füssli Holding AG

    April 09, 2018

    Agenda item for the Annual General Meeting of Orell-Füssli Holding AG from VERAISON for the purpose of neutrality of treatment of all shareholders

    VERAISON SICAV submitted a constructive agenda item to Orell Füssli Holding AG for the Annual General Meeting on May 8, 2018. In it, VERAISON SICAV requests to increase the threshold for the obligation to submit a mandatory offer to be raised to 34% for all shareholders of Orell-Füssli Holding AG (“opting up”).

    The introduction of an opting-up of 34% ensures the neutrality of treatment of all shareholders in the Articles of Association. This gives Orell Füssli more independence and strengthens the company’s capital market capability.

    VERAISON SICAV regrets that the Board of Directors rejects this shareholder resolution, as VERAISON SICAV is convinced of the importance of this resolution for all minority shareholders.

    Link to the AGM-invitation and our detailed agenda item (in German).

    Download our presentation for the media round table of April 9, 2018 (German language)

    VERAISON CAPITAL AG
  • Invitation to the VERAISON SICAV Annual General Meeting

    March 20, 2018

    The Board of Directors is pleased to invite the shareholders to the Annual General Meeting and Investor Day of VERAISON.

    VERAISON SICAV Annual General Meeting
    Tuesday, April 10, 2018, at 13:45 (doors open at 13:30)
    NapaGrill, Brandschenkestrasse 130, Zürich

    At the Annual General Meeting, the VERAISON team will also report on recent developments of the portfolio of the VERAISON SICAV – Engagement Fund as well as give further insights on the VERAISON investment philosophy.

    Following the Annual General Meeting, Mark Dittli (former chief editor Finanz und Wirtschaft) will moderate our Investor Day with the following guest speakers:

    • Andreas Umbach, Chairman of the Board of Directors of Ascom Holding
    • Jens Alder, Chairman of the Board of Directors of Goldbach Group
    • Urs Schenker, attorney-at-law at Walder Wyss AG

    After 4:30 pm VERAISON Capital is delighted to invite you for drinks and a flying dinner.

    IMPORTANT: We would like to invite shareholders, who wish to attend the Annual General Meeting to consult the official invitation as published in the Swiss Commercial Gazette (SOGC), which contains the agenda items as well as further information on ordering voting material and arranging proxies.

    VERAISON SICAV
    The Board of Directors

    VERAISON CAPITAL AG
  • Launch of share class L 04/18

    March 07, 2018

    VERAISON SICAV has decided to launch the following share class on April 1, 2018.

    Shares of the class «L 04/18» are open for qualified investors pursuant to Art. 10 para. 3, 3bis and 3ter CISA. The minimum subscription amount is CHF 100,000. Withdrawal of funds is only permitted after 3 years, for the first time on the last day of the 3-year lock-up period. Withdrawal of funds can thereafter be made on a quarterly basis. The notice period is in each case 3 months. Investors are expressly advised of the risks described in the Fund’s prospectus. The prospectus and investment regulations may be obtained free of charge from VERAISON SICAV, Löwenstrasse 53a, 8001 Zurich and are available on the website www.veraison.ch.

    VERAISON CAPITAL AG
  • VERAISON increases its shareholding in Zehnder Group AG, Gränichen, to 5.15% of the voting rights (corresponding to 8.63% of the share capital)

    February 14, 2018

    On behalf of the VERAISON SICAV – Engagement Fund, VERAISON Capital Ltd, Zurich, has increased its shareholding in Zehnder Group Ltd, Gränichen, to 5.15%. This corresponds to 8.63% of the share capital.

    Link to the official SIX disclosure

    VERAISON CAPITAL AG
  • VERAISON reduces its stake in Komax Holding AG, Dierikon, to below 3%

    January 24, 2018

    VERAISON Capital AG, acting on behalf of the VERAISON SICAV – Engagement Fund, has reduced its stake in Komax Holding AG, Dierikon, to below 3%.

    Link to the official SIX disclosure

    VERAISON CAPITAL AG
  • New hiring at VERAISON

    January 18, 2018

    As of April 1, 2018 René Bernhard will be joining VERAISON Capital as a new member of the management team (CFO / COO). He will be replacing Michael Otte, who has decided to leave VERAISON Capital. Michael Otte also withdrew from the Board of the VERAISON SICAV. VERAISON would like to thank Michael Otte for his contribution and wishes him all the best.

    René joins VERAISON Capital from Deloitte where he acted as senior manager in the corporate finance advisory team. René is a CFA charterholder and has extensive experience in corporate finance and capital markets, having worked in the last 10 years for Deloitte, Alantra/Swiss Capital and Hitz & Partner. In this function René was responsible for strategic transactions for listed and private companies, domiciled in Switzerland and abroad. René attended the University of Zurich and the Fudan University in Shanghai and holds a master degree in corporate finance. VERAISON Capital is very pleased to welcome René and is convinced that his experience will ideally complement the leadership team.

    The appointment of René is subject to the approval by the Swiss Financial Market Supervisory Authority (FINMA).

    VERAISON CAPITAL AG
  • VERAISON reduces its stake in Komax Holding AG, Dierikon, to below 5%

    January 16, 2018

    VERAISON Capital AG, acting on behalf of the VERAISON SICAV – Engagement Fund, has reduced its stake in Komax Holding AG, Dierikon, to below 5%.

    Link to the official SIX disclosure

    VERAISON CAPITAL AG
  • VERAISON Capital is expanding its management team and strengthening the team with additional capabilities

    January 08, 2018

    As of March 1, 2018, the management team is being expanded. Andreas Weigelt will become Senior Partner and CEO. Since the beginning of 2015, he has been working for Arbonia Group, where he currently leads the EgoKiefer business and was previously involved in the restructuring of Arbonia as Head of Strategy for the entire Group. Andreas worked at the Boston Consulting Group (BCG) for over seven years as part of the Swiss leadership team for the Industrial Goods practice. He comes from an entrepreneurial family and will continue this tradition by buying in as a shareholder at VERAISON Capital.

    The Board of Directors will also being strengthened by the election of Michael Barben. Michael is an operating Partner at Partners Group, where he spent the last 17 years gathering extensive international experience. He has been instrumental in building up Partners Group’s private infrastructure business line, which managed CHF 8.6 billion in assets as of June 2017. His background and active involvement will help contribute to VERAISON’s continued growth strategy.

    Both appointments are subject to approval by the Swiss Financial Market Supervisory Authority (FINMA).

    VERAISON CAPITAL AG
  • VERAISON supports tender offer for Goldbach

    December 22, 2017

    VERAISON supports Goldbach’s Board of Directors in its decision to accept the takeover offer by Tamedia. VERAISON has therefore decided to tender its 19.09% stake to the buyer, as we believe the offered price reflects the intrinsic value of the company and thus appears fair.

    Link to Ad-hoc-publicity

    VERAISON CAPITAL AG
  • VERAISON has acquired 3.17% of the voting rights (and 5.30% of the share capital) in Zehnder Group Ltd., Gränichen

    November 17, 2017

    VERAISON Capital Ltd., Zurich has acquired for the VERAISON SICAV – Engagement Fund 3.17% of the voting rights (and 5.30% of the share capital) in Zehnder Group Ltd., Gränichen. This corresponds to 622’707 registered A-shares.

    Link to SIX Exchange Regulation disclosure

    VERAISON CAPITAL AG
  • Personnel changes at VERAISON Capital Ltd.

    October 06, 2017

    After successfully launching the VERAISON SICAV–Engagement Fund, which has generated annualized investment returns of +15% p.a., and after thereby expanding assets under management to more than CHF 330 million, co-founders Elad Ben-Am and Yann Wermeille will leave the company at the end of October 2017 to pursue new professional challenges.

    To further develop the company, VERAISON is expanding its management team with new experts who bring additional capabilities. Recently, Eric Sibbern (ex-Homburger, Credit Suisse) joined VERAISON as a new partner who will significantly strengthen the company with his legal and financial expertise.

    VERAISON would like to thank Elad Ben-Am and Yann Wermeille for their contribution to the company’s success and wishes them all the best for the future. As co-founders, they were responsible for the successful start-up phase of the company.

    VERAISON CAPITAL AG
  • VERAISON strengthens the partnership with Eric Sibbern

    September 04, 2017

    As of 1st December 2017, Eric Sibbern is joining VERAISON Capital as a Partner. Eric is an experienced lawyer and has mainly been active in the area of corporate and capital market law. In the last seven years, he worked at Homburger AG in Zurich and Kirkland & Ellis LLP in New York. Most recently he worked as a Director in the Corporate Development team at Credit Suisse. In this role, he was involved in numerous strategic transactions of private and listed companies, incl. capital market transactions. Furthermore, he is a specialist for Corporate Finance and financial market regulation.

    Eric holds a degree in law from the University of Zurich and Geneva and a degree in Banking and Finance from the University of St. Gallen (HSG) and Michigan, Ann Arbor. We are pleased to welcome Eric, who will strengthen VERAISON Capital with his expertise and experience.

    VERAISON CAPITAL AG
  • The AGM of Calida Holding AG elects Valentin Chapero Rueda to the Board of Directors

    May 09, 2017

    At the AGM on May 9th 2017, the shareholders of Calida Holding AG approved the proposal of the Board to elect Valentin Chapero Rueda as a new member of the Board. VERAISON is very pleased with the election of its co-founder and partner.

    Link to Calida’s press release (german only)

    VERAISON CAPITAL AG
  • VERAISON SICAV AGM: Shareholders approve all Board proposals

    March 31, 2017

    On the 31th of March 2017 the shareholders of VERAISON SICAV unanimously followed the recommendations of the Board and approved all proposals submitted at the 2nd Annual General Meeting. In particular, they unanimously confirmed Gregor Greber, Alexander Kaiser, Bernhard Fuchs and Michael Otte as members of the Board for a further one-year term.

    The Board wishes to thank all shareholders for their trust and commitment.

    VERAISON CAPITAL AG
  • Invitation to the VERAISON SICAV Annual General Meeting

    March 14, 2017

    The Board of Directors is pleased to invite shareholders to the second Annual General Meeting of VERAISON SICAV.

    VERAISON SICAV Annual General Meeting
    Thursday, March 30, 2017, at 13:30
    Kaufmännischer Verband Zürich, Room «Athene»
    Entrance at Talacker 23, 8001 Zurich

    At the Annual General Meeting, the VERAISON team will report extensively on recent developments of the portfolio of the VERAISON SICAV – Engagement Fund. In addition, it is a great pleasure for us to welcome Prof. Dr. Roland Siegwart as a guest speaker. He has been the Professor for Robotics at the ETH Zurich since July 2006 and has been co-director of the newly founded Wyss Translational Center Zurich, a joint research center of the ETH Zurich and the University of Zurich, since 2015. He studied mechanical engineering at ETH Zurich and did his doctorate at the same institute. From 1996 to 2006 he was a professor at EPFL Lausanne and from 2010 to 2014 vice president for research and economic relations at ETH Zurich.

    He will discuss with us his thoughts and assessments regarding robotics, in a presentation entitled: «Robots leaving the factories – revolution or evolution?»

    IMPORTANT: We would like to invite shareholders who wish to attend the Annual General Meeting to consult the official invitation as published in the Swiss Commercial Gazette (SOGC), which contains the agenda items as well as further information on ordering entrance tickets and arranging proxies.

    VERAISON SICAV
    The Board of Directors

    VERAISON CAPITAL AG
  • VERAISON has sold its participation in the Meyer Burger convertible bond

    March 01, 2017

    VERAISON Capital AG, acting on behalf of the VERAISON SICAV-Engagement Fund, has sold its participation of 13.3% in the Meyer Burger convertible bond.

    VERAISON CAPITAL AG
  • VERAISON has sold its stake in Leonteq AG, Zurich

    February 10, 2017

    VERAISON Capital AG, acting on behalf of the VERAISON SICAV-Engagement Fund, has sold its stake in Leonteq AG, Zurich.

    Link to the official SIX disclosure

    VERAISON CAPITAL AG
  • Official disclosure – Meyer Burger

    December 23, 2016

    VERAISON makes note of the following official disclosure regarding the Meyer Burger recapitalization:

    Link to SIX Exchange Regulation

    VERAISON CAPITAL AG
  • Official disclosure – Meyer Burger

    December 09, 2016

    VERAISON makes note of the following official disclosure regarding the Meyer Burger recapitalization:

    Link to SIX Exchange Regulation

    VERAISON CAPITAL AG
  • Capital raise Meyer Burger

    December 02, 2016

    VERAISON has been mentioned by Meyer Burger in today’s media release regarding the planned capital raise.

    Link to Meyer Burger’s press release

    VERAISON CAPITAL AG
  • VERAISON welcomes Meyer Burger’s recapitalization

    November 08, 2016

    VERAISON welcomes Meyer Burger’s recently announced recapitalization program. This is in the interest of all stakeholders as it will ensure that the company is sustainably financed. Meyer Burger will now be able to realize the full potential of its technology.

    Link to Meyer Burger’s press release

    VERAISON CAPITAL AG
  • VERAISON has acquired a 16.3% stake in Calida Holding Ltd., Oberkirch

    October 31, 2016

    VERAISON Capital AG, Zurich, has acquired for the VERAISON SICAV – Engagement Fund a 16.3% stake in Calida Holding Ltd., Oberkirch. This corresponds 1’319’411 registered shares.

    Link to Ad-hoc News of Calida Holding Ltd.
    Link to SIX Exchange Regulation disclosure

    VERAISON CAPITAL AG
  • VERAISON acquires 13.3% of the Meyer Burger convertible bond issue

    July 14, 2016

    VERAISON Capital Ltd., Zurich has acquired for the VERAISON SICAV – Engagement Fund Meyer Burger convertible bonds due in 2020 with a nominal value of CHF 13.3m (MBT 14; ISIN CH0253445131). This corresponds to 13.3% of the total bond issue.

    VERAISON CAPITAL AG
  • VERAISON increases its shareholding in Leonteq Ltd, Zurich to 5.01%

    July 12, 2016

    On behalf of the VERAISON SICAV – Engagement Fund, VERAISON Capital Ltd, Zurich has increased its shareholding in Leonteq Ltd, Zurich to 5.01%. This corresponds to 798’361 registered shares.

    Link to SIX disclosure

    VERAISON CAPITAL AG
  • VERAISON has acquired a 3.22% stake in Leonteq AG, Zürich

    July 07, 2016

    VERAISON Capital AG, Zurich, has acquired for the VERAISON SICAV – Engagement Fund a 3.22% stake in Leonteq AG, Zürich. This corresponds 513’587 registered shares.

    Link to SIX disclosure

    VERAISON CAPITAL AG
  • Annual General Meetings of Mikron and Ascom

    April 18, 2016

    At the AGM on April 12th 2016, the shareholders of Mikron Holding AG approved the proposal of VERAISON to transfer decision rights regarding a potential delisting from the Board to the General Meeting and to subject such a decision to a higher quorum.

    At the AGM on April 13th 2016, the shareholders of Ascom Holding AG approved the proposal of the Board to elect Valentin Chapero Rueda as a new member of the Board. VERAISON is very pleased with the election of its co-founder and partner.

    VERAISON CAPITAL AG
  • VERAISON SICAV AGM: Shareholders approve all Board proposals

    April 11, 2016

    Last Friday, 10th of April the shareholders of VERAISON SICAV unanimously followed the recommendations of the Board and approved all proposals submitted at the 1st Annual General Meeting. In particular, they unanimously confirmed Gregor Greber, Alexander Kaiser and Bernhard Fuchs as members of the Board for a further one-year term. In addition, shareholders elected Michael Otte as a new member to the Board. A detailed list of all proposals that were submitted for a vote at the 2016 AGM can be found in the Swiss Official Gazette of Commerce.

    At the AGM, 17% of all voting rights were present. The Board wishes to thank all shareholders for their trust and commitment.

    VERAISON CAPITAL AG
  • VERAISON brings constructive proposal to the Komax AGM

    April 01, 2016

    On February 26th 2016, Komax Holding AG disclosed VERAISON SICAV’s agenda item for the AGM on May 12th 2016, in which VERAISON proposed that the Board of Directors be reinforced with two experienced and financial professionals. On March 14th 2016, Komax announced the signing of its sale agreement for Komax Medtech. A few days thereafter, the Board of Komax communicated that it rejects the proposal of VERAISON. Komax made the argument that there was no short-term need for a significantly larger Board of Directors due to the recent divestments of the Solar business and Komax Medtech and the simplification of the structure of the company. We understand and acknowledge this point and have therefore decided to appropriately adjust our proposal for reinforcement of the Board. We therefore now recommend to shareholders that they only elect Andreas Herzog, CFO of the Bühler Group, to the Board of Komax.

    With the election of Andreas Herzog, the Komax Board will be significantly strengthened in key topics around capital allocation, generating scale effects, and the post-merger integration of acquired companies. We estimate that even after accounting for the sale proceeds from Medtech, Komax has lost a nearly triple-digit million Swiss Franc amount in shareholder value through its acquisitions outside of the core Wire business. We welcome the new strategy of focusing on the Wire business and only acquiring smaller adjacencies along the Wire value chain. We caution, however, that even the acquisition of small adjacencies and the expansion into new customer segments such as Aerospace, Telecom, or Industrial will require best-in-class expertise in capital allocation, the generating of scale effects, and post-merger integration, all of which Andreas Herzog brings to the table.

    VERAISON is convinced that improved cost control will enable Komax Wire to further increase its profitability and aim for new financial targets. VERAISON reiterates its position that a reinforced Board will provide the necessary complementarity to fully develop a global company like Komax. We are generally pleased with our constructive exchanges on strategic issues up until now. However, we take issue with the fact that the Komax Board refused to interview or even contact our highly-qualified candidates, despite our initial recommendation nearly six months ago and numerous follow-up requests. We additionally regret that the Board of Directors chose to omit from its AGM invitation any mention of VERAISON’s explanations or reasoning for its agenda items, despite our explicit request to do so.

    Komax Holding AG is a public company owned by its shareholders. As the largest shareholder of Komax with around 6% of its capital, we call on the Board to let all shareholders decide in a fair and transparent manner whether a reinforcement of the Board of Directors with an experienced financial professional is in the best interest of the company.

    VERAISON CAPITAL AG
  • VERAISON reduces its stake in Rieter Holding AG, Winterthur, to below 3%

    March 23, 2016

    VERAISON Capital AG, acting on behalf of the VERAISON SICAV – Engagement Fund, has reduced its stake in Rieter Holding AG, Winterthur, to below 3%

    Link to the official SIX disclosure

    VERAISON CAPITAL AG
  • Mikron’s Board of Directors supports the proposal of VERAISON SICAV

    March 22, 2016

    VERAISON welcomes the decision of the Board of Directors of Mikron Holding Ltd. to support the proposal of VERAISON SICAV. According to this proposal, decision rights regarding a potential delisting of Mikron from the stock exchange shall be transferred away from the Board of Directors to the shareholders directly via a shareholder meeting. The Board of Directors thereby confirms its commitment to Mikron as a listed company, and also shows that it takes the interests of shareholders very seriously, especially those of minority shareholders. VERAISON is convinced that this proposal will enjoy the support of the shareholders at the AGM. This in turn will make Mikron the first company in Switzerland to introduce into its Articles of Incorporation this important element of minority shareholder protection.

    Link to the Media Release from Mikron Holding Ltd.

    VERAISON CAPITAL AG
  • Invitation Ordinary General Meeting VERAISON SICAV

    March 04, 2016

    The Board of Directors is pleased to invite shareholders to the first General Meeting of the VERAISON SICAV.

    VERAISON SICAV – Ordinary General Meeting
    Friday, April 8, 2016 at 13:30
    Kaufmännischer Verband Zurich, Salon “Hermes”
    Entrance at Talacker 23, 8001 Zurich

    At this shareholder meeting, the VERAISON team will inform shareholders of general developments in the portfolio of the VERAISON SICAV – Engagement Fund.

    IMPORTANT: We ask shareholders who wish to attend the General Assembly to consult the official invitation in the Swiss Official Gazette of Commerce (SOGC) where the agenda items will be listed in full detail and where further information can be found regarding ordering admission cards and issuing a power of attorney.

    VERAISON SICAV
    The Board of Directors

    VERAISON CAPITAL AG
  • VERAISON increases its shareholding in Ascom Holding AG, Baar to 5.018%

    March 04, 2016

    On behalf of the VERAISON SICAV – Engagement Fund, VERAISON Capital AG, Zurich has increased its shareholding in Ascom Holding AG, Baar to 5.018%. This corresponds to 1’806’327 registered shares.

    Link to SIX disclosure

    VERAISON CAPITAL AG
  • Agenda item and proposal from Veraison SICAV to Mikron Holding Ltd.

    March 03, 2016

    VERAISON SICAV has filed an agenda item for the next AGM of Mikron Holding Ltd. on April 12, 2016. VERAISON SICAV has specifically requested that decision rights regarding a potential delisting from the stock exchange be transferred away from the Board of Directors to shareholders directly via a shareholder meeting.

    VERAISON believes strongly in the future of Mikron as a publicly traded company and is of the opinion that a delisting or going private would not be in the best interests of public shareholders. This aligns with the opinion of the Board of Directors as expressed in the context of the Board’s support for the dissolution of the previous shareholders’ agreement on March 19, 2014. VERAISON has proposed this agenda item to generally reduce the risk of a delisting from the stock exchange. VERAISON is confident that this proposal will be supported both by the Board of Directors and by other shareholders.

    Link to the Media Information of Mikron Holding Ltd.

    VERAISON CAPITAL AG
  • Valentin Chapero proposed as an additional Board Member of Ascom Holding Ltd.

    February 29, 2016

    VERAISON welcomes the decision of the Board of Directors to propose at the AGM on April 13, 2016 that Valentin Chapero, partner at VERAISON Capital AG, be elected as a new member of the Board.

    VERAISON currently holds 4.9% of the registered shares of Ascom Holding Ltd. (1’766’327 shares) and looks forward to continued long-term engagement.

    Link to the Media Information of Ascom Holding Ltd.

    VERAISON CAPITAL AG
  • Reinforcing the Komax Board of Directors

    February 29, 2016

    On February 26, 2016 Komax Holding AG disclosed the agenda items put forward by VERAISON SICAV for the coming AGM on May 12, 2016. VERAISON SICAV requested that two well-known and proven financial experts be elected to the Board of Directors for complementary reinforcement. According to the statement of Komax Holding AG, the Board will examine this request and take a position in due course. We would like to take this opportunity to express our thanks for the continuously constructive dialogue with the Board and also for this opportunity to further explain our reasoning in a transparent manner. We sincerely hope to be able to convince the Board of our position for the following reasons.

    VERAISON sees significant potential for entrepreneurial value enhancement at Komax. As a high-quality Swiss company and global leader in an attractive business, Komax has already built up an excellent foundation for continued success. VERAISON is convinced that Komax has a great future ahead of it as an independent Swiss company, ensured largely by its unique market position and strong culture.

    We very much welcome the steps taken by Komax in recent years to renew its Board of Directors. There is one point, however, where VERAISON and the Komax Board are not yet fully aligned. The Komax Board communicated on January 19, 2016 that it considers a board of only 5 members to be optimal. VERAISON is of the opinion that such a reduced Board would not provide the necessary complementarity to fully develop a global company like Komax. In addition, we believe that a balanced composition of the Board’s committees would also be very difficult.

    The Board of Directors of Komax has undisputed industry expertise. However, to take full advantage of current and future market opportunities, it must be ensured that the company is optimally positioned to fully leverage best-in-class capital allocation as well. For this purpose, VERAISON, currently the largest shareholder of Komax, considers it to be absolutely essential that the Board of Directors be reinforced with two experienced and independent financial professionals. VERAISON therefore proposes that Andreas Herzog, CFO of the Bühler Group, and Gerard van Kesteren, former CFO of Kühne + Nagel, be elected to the Board.

    VERAISON CAPITAL AG
  • VERAISON has acquired a 3.317% stake in Ascom Holding AG, Baar

    February 17, 2016

    VERAISON Capital AG, Zurich, has acquired for the VERAISON SICAV – Engagement Fund a 3.317% stake in Ascom Holding AG, Baar. This corresponds 1’194’184 registered shares.

    Link to SIX disclosure

    VERAISON CAPITAL AG
  • VERAISON supports the proposal of the Komax board of directors

    February 11, 2016

    VERAISON supports the Komax board of directors in its decision to propose at the next AGM to increase the registration and voting rights restrictions from 5 to 15%. This decision allows engaged and long-term oriented shareholders of Komax to accept a greater level of responsibility.

    Link to the Media Information from Komax

    VERAISON CAPITAL AG
  • VERAISON supports tender offer for Kuoni

    February 02, 2016

    VERAISON supports Kuoni’s Board of Directors in its decision to accept the takeover offer by EQT. VERAISON has therefore decided to sell its stake in Kuoni or tender its shares to the buyer, as we believe the offered price reflects the intrinsic value of the company and thus appears fair.

    Last year, VERAISON acquired a stake of more than 3% in Kuoni with the intention to remain a long-term and committed shareholder and to take on responsibility and actively assist the Board in the development of the Group. A significant part of our value enhancement agenda has since been implemented or addressed. We understand that the Board of Directors has come to the conclusion that a further development of Kuoni’s individual businesses cannot be optimally implemented with the Group’s current capital structure. Given the strategic, operational and financial performance of Kuoni in the past months and years, we believe this decision is regrettable but understandable.

    Link to the Media Information (EN)

    VERAISON CAPITAL AG
  • Change in the management of VERAISON Capital

    January 08, 2016

    As of January 1, 2016 Michael Otte will be joining VERAISON Capital as a new partner and member of the management team (CFO / COO). He will be replacing Bernhard Fuchs, who has decided to leave VERAISON Capital. Bernhard Fuchs will remain in the Board of the VERAISON SICAV, where as an independent member he will continue to represent the interests of investors in the VERAISON SICAV-Engagement Fund.

    Until the end of May 2015, Michael Otte was the CEO of the shareholder service provider zRating AG. He brings with him extensive experience in corporate governance assessments of listed small and mid-caps and he was the principal author of zRating’s acclaimed annual corporate governance report. VERAISON Capital is very pleased to welcome Michael Otte, a proven corporate governance expert. At the same time, we thank VERAISON cofounder Bernhard Fuchs for his valuable contribution to the development of VERAISON Capital and the launch of the VERAISON SICAV-Engagement Fund. We are very pleased that he will stay on with us as a representative of our investors.

    VERAISON CAPITAL AG
  • Opening of the share class XL 01/16

    December 14, 2015

    VERAISON SICAV has decided to open the new share class XL 01/16 on January 1, 2016. Shares of the class XL 01/16 are open for qualified investors pursuant to Art. 10 para. 3, 3bis and 3ter CISA. The minimum subscription amount is CHF 100,000. Withdrawal of funds is only permitted after 4 years, for the first time on the last day of the 4-year lock-up period. Withdrawal of funds can thereafter be made on a quarterly basis with a 3 month notice period. The management fee is 1.2% per annum and the performance fee is 12%. The prospectus and investment regulations may be obtained free of charge from VERAISON SICAV, Löwenstrasse 53a, 8001 Zurich.

    Termsheet (PDF)
    Subscription Information XL 01/16 (PDF)

    VERAISON CAPITAL AG
  • FINMA approval received for the creation of a new share class

    August 04, 2015

    The Board of Directors of the VERAISON SICAV decided on the 7th and 21st of July 2015 to create the new Share Class “E4″. The Board of Directors of the VERAISON SICAV informs you hereby that the FINMA approved on the 30th July 2015 the creation of the new share class “E4″ as of the 3rd of August 2015. Shares of the new share class “E4″ will be open to qualified investors pursuant to Art. 10 para. 3, 3bis and 3ter KAG. The minimum subscription amount is CHF 100,000. Withdrawal of funds will only be possible after 4 years, with the first opportunity being the last day of the 4-year lock-up period. Withdrawals can thereafter be made on a quarterly basis. The notice period for withdrawal of funds is 3 months. The management fee is 1% per annum and the performance fee 12%. The prospectus and the investment regulations of the said SICAV will be adjusted accordingly. The prospectus and the investment regulations incl. the amended wording may be obtained free of charge from VERAISON SICAV, Löwenstrasse 53, 8001 Zurich.

    VERAISON CAPITAL AG